vs
ALLIANCE RESOURCE PARTNERS LP（ARLP）与COMMERCE BANCSHARES INC（CBSH）财务数据对比。点击上方公司名可切换其他公司
ALLIANCE RESOURCE PARTNERS LP的季度营收约是COMMERCE BANCSHARES INC的1.1倍（$516.0M vs $475.7M），COMMERCE BANCSHARES INC净利率更高（29.8% vs 2.1%，领先27.7%），COMMERCE BANCSHARES INC同比增速更快（11.1% vs -3.6%），过去两年COMMERCE BANCSHARES INC的营收复合增速更高（7.1% vs -6.7%）
联合资源伙伴有限合伙是北美领先的自然资源企业，核心业务为公用事业及工业客户生产、销售煤炭，同时运营矿权特许经营、油气开采、物流配套等关联业务，服务覆盖美国及周边主要能源消费市场。
Commerce Bancshares, Inc.是总部位于美国密苏里州的区域性银行控股公司，在堪萨斯城和圣路易斯设有核心办公点，旗下Commerce Bank提供多元化金融服务，覆盖企业及个人银行、财富管理、关联公司投资等业务。
ARLP vs CBSH — 直观对比
营收规模更大
ARLP
是对方的1.1倍
$475.7M
营收增速更快
CBSH
高出14.8%
-3.6%
净利率更高
CBSH
高出27.7%
2.1%
两年增速更快
CBSH
近两年复合增速
-6.7%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $516.0M | $475.7M |
| 净利润 | $10.7M | $141.6M |
| 毛利率 | — | — |
| 营业利润率 | 4.2% | — |
| 净利率 | 2.1% | 29.8% |
| 营收同比 | -3.6% | 11.1% |
| 净利润同比 | — | 0.7% |
| 每股收益（稀释后） | — | $0.96 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ARLPCBSH
| Q1 26 | $516.0M | $475.7M | ||
| Q4 25 | $535.5M | $449.4M | ||
| Q3 25 | $571.4M | $441.0M | ||
| Q2 25 | $547.5M | $445.8M | ||
| Q1 25 | $540.5M | $428.1M | ||
| Q4 24 | $590.1M | $422.1M | ||
| Q3 24 | $613.6M | $421.4M | ||
| Q2 24 | $593.4M | $414.5M |
净利润ARLPCBSH
| Q1 26 | $10.7M | $141.6M | ||
| Q4 25 | $82.7M | $140.7M | ||
| Q3 25 | $95.1M | $141.5M | ||
| Q2 25 | $59.4M | $152.5M | ||
| Q1 25 | $74.0M | $131.6M | ||
| Q4 24 | $16.3M | $136.1M | ||
| Q3 24 | $86.3M | $138.0M | ||
| Q2 24 | $100.2M | $139.6M |
营业利润率ARLPCBSH
| Q1 26 | 4.2% | — | ||
| Q4 25 | 18.2% | 40.8% | ||
| Q3 25 | 18.4% | 41.9% | ||
| Q2 25 | 16.2% | 44.0% | ||
| Q1 25 | 17.4% | 39.2% | ||
| Q4 24 | 2.6% | 41.2% | ||
| Q3 24 | 16.5% | 42.4% | ||
| Q2 24 | 19.8% | 43.4% |
净利率ARLPCBSH
| Q1 26 | 2.1% | 29.8% | ||
| Q4 25 | 15.4% | 31.3% | ||
| Q3 25 | 16.6% | 32.1% | ||
| Q2 25 | 10.9% | 34.2% | ||
| Q1 25 | 13.7% | 30.7% | ||
| Q4 24 | 2.8% | 32.2% | ||
| Q3 24 | 14.1% | 32.8% | ||
| Q2 24 | 16.9% | 33.7% |
每股收益（稀释后）ARLPCBSH
| Q1 26 | — | $0.96 | ||
| Q4 25 | — | $0.86 | ||
| Q3 25 | — | $1.06 | ||
| Q2 25 | — | $1.14 | ||
| Q1 25 | — | $0.98 | ||
| Q4 24 | — | $0.83 | ||
| Q3 24 | — | $1.01 | ||
| Q2 24 | — | $1.03 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $28.9M | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $4.3B |
| 总资产 | $2.9B | $35.7B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ARLPCBSH
| Q1 26 | $28.9M | — | ||
| Q4 25 | $71.2M | — | ||
| Q3 25 | $94.5M | — | ||
| Q2 25 | $55.0M | — | ||
| Q1 25 | $81.3M | — | ||
| Q4 24 | $137.0M | — | ||
| Q3 24 | $195.4M | — | ||
| Q2 24 | $203.7M | — |
股东权益ARLPCBSH
| Q1 26 | — | $4.3B | ||
| Q4 25 | — | $3.8B | ||
| Q3 25 | — | $3.8B | ||
| Q2 25 | — | $3.6B | ||
| Q1 25 | — | $3.5B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | — | $3.4B | ||
| Q2 24 | — | $3.1B |
总资产ARLPCBSH
| Q1 26 | $2.9B | $35.7B | ||
| Q4 25 | $2.9B | $32.9B | ||
| Q3 25 | $2.9B | $32.3B | ||
| Q2 25 | $2.9B | $32.3B | ||
| Q1 25 | $2.9B | $32.4B | ||
| Q4 24 | $2.9B | $32.0B | ||
| Q3 24 | $3.0B | $31.5B | ||
| Q2 24 | $3.1B | $30.6B |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | — | — |
| 自由现金流经营现金流 - 资本支出 | $13.3M | — |
| 自由现金流率自由现金流/营收 | 2.6% | — |
| 资本支出强度资本支出/营收 | 18.5% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $342.2M | — |
8季度趋势，按日历期对齐
经营现金流ARLPCBSH
| Q1 26 | — | — | ||
| Q4 25 | $143.9M | $645.1M | ||
| Q3 25 | $209.9M | $129.0M | ||
| Q2 25 | $151.7M | $111.2M | ||
| Q1 25 | $145.7M | $138.6M | ||
| Q4 24 | $168.4M | $577.9M | ||
| Q3 24 | $209.3M | $431.7M | ||
| Q2 24 | $215.8M | $147.4M |
自由现金流ARLPCBSH
| Q1 26 | $13.3M | — | ||
| Q4 25 | $99.1M | $592.4M | ||
| Q3 25 | $145.2M | $113.3M | ||
| Q2 25 | $84.7M | $100.5M | ||
| Q1 25 | $58.9M | $126.0M | ||
| Q4 24 | $75.3M | $531.7M | ||
| Q3 24 | $99.0M | $419.1M | ||
| Q2 24 | $114.3M | $138.9M |
自由现金流率ARLPCBSH
| Q1 26 | 2.6% | — | ||
| Q4 25 | 18.5% | 131.8% | ||
| Q3 25 | 25.4% | 25.7% | ||
| Q2 25 | 15.5% | 22.5% | ||
| Q1 25 | 10.9% | 29.4% | ||
| Q4 24 | 12.8% | 126.0% | ||
| Q3 24 | 16.1% | 99.5% | ||
| Q2 24 | 19.3% | 33.5% |
资本支出强度ARLPCBSH
| Q1 26 | 18.5% | — | ||
| Q4 25 | 8.4% | 11.7% | ||
| Q3 25 | 11.3% | 3.6% | ||
| Q2 25 | 12.2% | 2.4% | ||
| Q1 25 | 16.1% | 2.9% | ||
| Q4 24 | 15.8% | 10.9% | ||
| Q3 24 | 18.0% | 3.0% | ||
| Q2 24 | 17.1% | 2.1% |
现金转化率ARLPCBSH
| Q1 26 | — | — | ||
| Q4 25 | 1.74× | 4.59× | ||
| Q3 25 | 2.21× | 0.91× | ||
| Q2 25 | 2.55× | 0.73× | ||
| Q1 25 | 1.97× | 1.05× | ||
| Q4 24 | 10.31× | 4.25× | ||
| Q3 24 | 2.43× | 3.13× | ||
| Q2 24 | 2.15× | 1.06× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ARLP
| Coal sales | $443.3M | 86% |
| Oil & gas royalties | $41.3M | 8% |
| Other revenues | $22.8M | 4% |
| Transportation revenues | $8.6M | 2% |
| Tons Produced | $8.0M | 2% |
| Mineral Interest Volumes (BOE) | $1.0M | 0% |
CBSH
暂无分部数据
